Euro
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◆ Slower deal appeals to ‘true covered’ buyers ◆ Slim premium paid over recent deals ◆ Deal is Italian lender’s first of its fiscal year -
◆ Deal follows last week’s $5bn five year ◆ Issuer pays its usual 2bp NIP ◆ Large SSAs race to get funding done
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◆ Deal takes size despite lower line availability ◆ Premium paid over comparable bonds ◆ Benchmark SpaBol’s second deal of 2024
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Diageo, Lufthansa, Repsol and Schneider Electric among issuers raising euro funds
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◆ Next to no premium needed for capped sale ◆ Demand holds firm despite price tightening ◆ Popular deal broadens investor base
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◆ Market open to all ranks of borrowers ◆ ING gathers €2.75bn funding at 5bp NIP ◆ Cajamar shows smaller borrowers can print flat to FV
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Caterpillar, National Grid North America sell bonds with minimal premiums
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◆ Lower tier issuer to offer subordinated paper after major FIG issuers print ◆ Aims to increase capital with a second deal this year ◆ Allianz aims for broad demand with dollar tier two
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South African mining firm raised €500m through triple tranche green loan to fund Finnish lithium project
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Credit investors spy attractive entry points at wider spreads — but they won’t buy anything at any price
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Fast money goes missing as issuers try to sell at tight spreads
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Up to five years ‘the right place to go’ but the curve to 10 years could reopen soon
